5 Best Copy Trading Brokers & Platforms In 2026

Instead, you need to set up your account to entirely replicate all transactions from the experts to your account. All activity usually takes place on the MT4 platform or in specialized terminals. These functions help control the risks taken and potential profitability, making investing more predictable and secure. The option is also to set stop-loss and take-profit levels for each copied strategy. Moreover, the platform provides a high level of transparency. Such settings allow users to control the level of risk taken and potential profitability more precisely.

• All the trade components such as entry price, exit price and stop loss settings, are also copied automatically.
• Headquartered in Germany and operating under NAGA Group AG, a publicly listed company on the Frankfurt Stock Exchange, the broker is regulated by CySEC (License 204/13) and adheres to MiFID standards.
• You can even trade physical shares via the broker’s own dedicated L2 Dealer share trading platform.
• This service is ideal for those who want to copy and achieve returns comparable to those of professional traders without the need to delve deeply into the intricacies of trading.

Etoro – Best Copy Trading Platform

Octa offers a robust copy trading platform that is designed to accommodate traders with diverse backgrounds and expertise. FP Markets offers competitive spreads starting from 1.0 pips on Standard accounts with no commission, making it an attractive choice for copy traders. The broker offers a suite of trading platforms, including MetaTrader 4, MetaTrader 5, and Tickmill Trader.

Example 1: A Winning Trade

It provides access to both its own proprietary social trading platform, AvaSocial, as well as integration with the popular third-party platform, DupliTrade. While Octa accepts traders from most countries around the world, they do not accept retail clients from the UK and EEA countries, among others. Other than MetaTrader 4, traders can also trade using MetaTrader 5 and OctaTrader. Copiers can also filter Master Traders by performance over specific timeframes, risk score, minimum investment, and required expertise.

Best known for its flagship platform and support for algorithmic trading, FXCM also provides a robust API and developer resources that can suit copy trading providers. Its Raw account delivers spreads as low as 0.11 pips on EUR/USD, and even after accounting for the $6 round-turn commission, the final cost remains among the most competitive available. Using DupliTrade, you can review key performance indicators of Strategy Providers, such as Net P/L, number of strategy followers, and number of trdes placed.

Are There Risks Involved In Copy Trading?

• As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers. newlineYou want to be able to communicate freely with more experienced traders so that you can gain different perspectives on trading.
• It’s ideal for passive investors who want to grow wealth over time without managing trades day to day.
• Compare fees, and features—trade smarter with expert insights!
• If a trader has recently started, the statistics will not provide an accurate picture so that further analysis will be useless.

With that said, users that want to strategically copy trades in one asset class can still do this. We recommend eToro because it offers an industry-leading social investment network. Note, copy trading does not constitute financial advice – your capital is still at risk. Examples of such trading tools include technical indicators for charting and guaranteed stop losses for risk management.

What Is The Minimum Amount Required To Copy A Trader?

I really like this combination of transparent spreads and low fees. So it offers a transparent pricing structure, which adds a layer of trust. FP Markets can achieve this because it is a is iqcent legit no dealing desk (NDD) broker, with ECN-pricing and execution. For reference, the industry average was 0.44 pips for those same forex pairs. CompareForexBrokers analyst Ross Collins tested FP Markets’ execution speeds, averaging 99 ms for market orders. This makes FP Markets an extremely trustworthy broker in my book.

Taking the time to compare these details will help you avoid surprises and choose a broker that actually works for you. Always choose a broker that is well-regulated and trustworthy – it’s your best protection against fraud and poor business practices. A large number of followers can be a good https://sashares.co.za/iqcent-review/ sign that a trader is trusted by others.

Pepperstone: Best Copy Trading On Metatrader

Pay https://www.binaryoptions.co.uk/iqcent attention not only to the profit percentage but also to the age of the account. This type of chart indicates the use of strategies that increase the stake (Martingale method), which sooner or later will lead to the complete loss of the deposit. Let’s use the AMarkets broker service as an example to show how to do this. Investors only need to check their accounts periodically to monitor changes to their balances. However, if you set the multiplier to 3, each position will open at triple the amount—thus, the potential profit will be three times higher. This allows you to decrease or increase the volume of each trade.

• Additionally, the system offers the ability to adjust the impact of selected systems on the trading account, thereby allowing manipulation of potential risk and return.
• Users can browse through a list of strategy providers, view their performance metrics, and choose to copy their trades with ease.
• This enables investors to make informed choices based on detailed statistics and each trader’s history.
• Choosing a copy trading platform involves evaluating many trading factors, from fees charged to trading tools offered.
• The RoboForex CopyFX platform stands out for its fast joining process and account management features.

More competitive spreads are available on the Professional account, which offers raw spreads with a $6 commission per lot, round trip. This platform is especially suited for copy and social trading, as TradingView hosts the largest social trading community in the world. The Raw ECN account provides raw spreads starting from 0.0 pips and a fixed commission of $3 per traded lot per side. The broker also offers low trading fees, which are below the industry average. In addition to its competitive trading fees, choice of platforms, and rich and diverse offering of more than 12,000 instruments, RoboForex stands out for its versatile proprietary mobile app. FP Markets’ Standard account type affords commission-free trading and floating spreads from 1.0 pips, which we assessed to be below the industry average.

• Don’t just take it from me – eToro’s huge social trading community speaks volumes for its trust levels.
• Some scam brokers claim to be regulated and registered by a governing body that does not monitor or regulate forex companies.
• On another note, Pepperstone is a regulated broker with licenses from various institutions.
• You will then need to select a new trader to follow.
• The best copy trading platforms have thousands of signal providers spanning multiple asset classes.

At ForexBrokers.com, our online broker reviews are based on our collected quantitative data as well as the observations and qualified opinions of our expert researchers. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Understanding a given signal provider’s risk tolerance is just as important as measuring their average profits or their overall results. Beginners should analyze all available performance metrics when deciding whether to copy a particular signal provider. You’ll need to specify various risk/reward parameters and maximum drawdown thresholds and decide which providers to copy (if any).